The rupee on Wednesday fell by 16 paise to 54.53 against the dollar in early trade at the Interbank Foreign Exchange market in line with weak local equities, following withdrawal of support by DMK to the Congress-led UPA government, despite RBI cutting its short-term lending rate. ...
10:28 AM, Mar 20, 2013
The rupee on Wednesday gained 14 paise to 54.04 against the dollar in early trade at the Interbank Foreign Exchange on sustained selling of the US currency by exporters and banks. ...
09:58 AM, Mar 13, 2013
The rupee on Thursday lost 18 paise to 54.90 in early trade on the Interbank Foreign Exchange due to renewed dollar demand from importers and appreciation of the US currency overseas. Forex dealers said a weak opening in the domestic stock market also put pressure on the local unit. ...
09:58 AM, Mar 07, 2013
The rupee declined by 14 paise to Rs 54.36 per dollar in early trade on the Interbank Foreign Exchange market on Monday. Rupee was weighed down by dollar's gains against other currency rivals. ...
10:40 AM, Feb 18, 2013
India's gross domestic product (GDP) is estimated to grow an annual 5 per cent in the 2012/13 fiscal year, a government statement said on Thursday, citing provisional estimates. The latest estimate is the worst of all growth projections issued by the government and the RBI. ...
11:40 AM, Feb 07, 2013
The rupee on Wednesday strengthened by 16 paise, near four-month high, to 52.97 against the US dollar in early trade on the Interbank Foreign Exchange on sustained selling of the American currency by exporters and banks amid increased capital inflows. ...
09:47 AM, Feb 06, 2013
Mumbai: The rupee recovered marginally on Friday but was still trading 24 paise down at 53.65 a dollar on fresh demand for the American currency from banks and importers amid weak equity market. The rupee resumed lower at 53.70 per dollar as against the last closing level of 53.41 at the Interbank Foreign Exchange (Forex) market and dropped further to 53.80. However, it recovered marginally to 53.65 at 1040 hrs....
10:10 AM, Oct 19, 2012
Bangalore: India's growth slump has passed and the economy will gradually recover over the next year, a Reuters poll showed, but the rate of expansion for this fiscal year will still be the weakest in a decade. The poll of 35 economists, conducted October 1-10, showed India's gross domestic product probably grew 5.6 per cent annually in the quarter just finished and will pick up speed slightly to expand 5.7...
07:10 PM, Oct 13, 2012
Mumbai: The rupee declined by 8 paise to 53.55 against the dollar in early trade on the Interbank Foreign Exchange on Tuesday following increased month-end demand for the American currency from importers. Besides, dollar's gains against euro in the overseas markets amid the increasing threat for another debt-restructuring in Greece also put pressure on the local unit, forex dealers said. A higher opening in the stock market, however, restricted the...
09:57 AM, Sep 25, 2012
Raghuram Govind Rajan is the chief economic advisor to the Government of India. Born in Bhopal on February 3, 1963, he graduated from the Indian Institute of Technology, Delhi in electrical engineering. He went on to secure the Master of Business Administration degree from the Indian Institute of Management, Ahmedabad in 1987. He moved to the US and got his doctorate in economics from the Massachusetts Institute of Technology (MIT),...
10:00 AM, Aug 30, 2012
New Delhi: Finance ministry chief economic advisor Kaushik Basu's remarks that major reforms were unlikely before the next general elections kicked off a slugfest between the government and the opposition on Friday, the BJP accusing the government of "policy paralysis" and a senior minister hitting back that the opposition's non-cooperation prevented bills from getting passed. The Communist Party of India-Marxist (CPI-M) cautioned the government against going on the path of...
06:58 PM, Apr 20, 2012
South Asia as a whole is expected to grow by about 7 percent. ...
06:53 PM, Jun 07, 2010
Finance Minister 'sticks' to the estimate he had made in his budget speech. ...
01:15 PM, Mar 22, 2010
One set of data but different GDP predictions for India. Why? ...
05:13 PM, Feb 28, 2010
Stimulus measures help spur demand, but poor monsoon threatens growth. ...
11:22 AM, Aug 31, 2009
A look at the country's diplomatic options in a restive neigbourhood. ...
05:08 PM, Jun 12, 2009
